US Bitcoin Spot ETF Accumulates Over 1.2 Million BTC: BlackRock’s IBIT Leads the Pack

COINOTAG News reports that as of May 31, the total holdings of Bitcoin in the US spot ETF have reached an impressive 1,205,626 BTC, according to data from HODL15Capital. Notably, BlackRock’s IBIT leads the pack with a substantial 660,814 BTC, solidifying its position as a prominent player in the cryptocurrency space. Following closely are Fidelity’s FBTC and Grayscale’s GBTC, with holdings of 198,159 BTC and 186,622 BTC, respectively. These figures underscore the growing institutional interest and commitment to Bitcoin, reflecting a broader trend towards the asset class amongst traditional financial entities. This trend may potentially influence market dynamics and investor sentiment as adoption expands in the coming months.